Welcome to our dedicated page for Weyerhaeuser news (Ticker: WY), a resource for investors and traders seeking the latest updates and insights on Weyerhaeuser stock.
Weyerhaeuser Company reports on a timberlands and wood products business operated as a real estate investment trust. The company owns or controls more than 10 million acres of timberlands in the United States and manages additional public timberlands under long-term licenses in Canada, while also manufacturing wood products in North America.
Recurring Weyerhaeuser news includes quarterly and annual results, dividend declarations and tax treatment, capital return framework updates, investor presentations, timberlands and land-management activity, climate solutions, real estate, energy and natural resources, and product development in engineered wood and other building materials.
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Weyerhaeuser Company (NYSE: WY) will announce its first quarter 2023 financial results on April 27 following market closure. A live webcast and conference call will take place on April 28 at 7 a.m. PT (10 a.m. ET) to discuss the results. Weyerhaeuser is one of the largest private timberland owners globally, managing approximately 11 million acres in the U.S. and Canada. The company generated $10.2 billion in net sales in 2022 and employs around 9,200 people in North America. For further details, visit www.weyerhaeuser.com.
Weyerhaeuser Company (NYSE: WY) will have its CEO, Devin Stockfish, represent the company at two major investor conferences. The first event is the Raymond James 44th Annual Institutional Investors Conference in Orlando, Florida, scheduled for March 6, 2023, at 9:15 a.m. Eastern. The second conference is the Citi 2023 Global Property CEO Conference in Hollywood, Florida, on March 7, 2023, at 9:55 a.m. Eastern. Interested parties can access live webcasts of both presentations along with materials at investor.weyerhaeuser.com, where replays will be available shortly after.
On February 9, 2023, Weyerhaeuser Company (NYSE: WY) announced a quarterly cash dividend of $0.19 per share, marking a 5.6% increase from the previous $0.18. The dividend is payable on March 17, 2023, to shareholders on record as of March 3, 2023. This is the second increase in two years, reflecting the company's commitment to a 5% annual growth in its base dividend through 2025. The company plans to return 75-80% of annual Adjusted Funds Available for Distribution (Adjusted FAD) to shareholders, emphasizing its strategy of sustainable and opportunistic cash returns.
Weyerhaeuser Company (NYSE: WY) announced a supplemental dividend of $0.90 per share, contributing to a total of $1.62 per share in dividends for 2022. The company's total cash return to shareholders reached $1.75 billion, which is 75% of Adjusted Funds Available for Distribution (Adjusted FAD) for the year. This reflects strong cash generation, with Adjusted FAD exceeding $2.3 billion. The supplemental dividend is payable on February 27, 2023, to shareholders of record as of February 15, 2023. Weyerhaeuser’s commitment includes plans to increase the base dividend by 5% annually through 2025.
Weyerhaeuser Company (NYSE: WY) reported a fourth quarter net earnings of $11 million, or 2 cents per diluted share, significantly down from $416 million last year, driven by a net sales decline to $1.8 billion from $2.2 billion. Despite a full year net earnings of $1.9 billion, results reflect a decrease from $2.6 billion in 2021, with Adjusted EBITDA dropping to $3.7 billion from $4.1 billion. The company announced a $0.90 per share supplemental dividend and plans to return $1.75 billion in cash to shareholders. The purchase of a $420 million group annuity contract reduced pension liabilities, a strategic move to strengthen the balance sheet.
Weyerhaeuser Company (NYSE: WY) announced that its 2022 distributions totaled $2.17 per share, with specific tax designations for shareholders. Key distribution details include:
- Record Dates: 02/18, 03/04, 06/03, 09/02, 12/02 in 2022.
- Payable Dates: 02/28, 03/18, 06/17, 09/16, 12/16 in 2022.
- Cash Distribution Breakdown: $1.45, $0.18 for various dates.
The company indicated that a portion is designated as capital gain distributions, which are not eligible for the 20% qualified business income deduction. Further tax information will be available by January 30, 2023.